On-chain analysis suggests that Garrett Jin, known as #BitcoinOG1011short, may be behind a significant cryptocurrency swap involving 50.43 million aEthUSDT for only 327 aEthAAVE, valued at $36,000. Investigators identified 13 wallets potentially linked to Jin, all of which received USDC or USDT from Binance on February 16 and 20. These wallets became active again recently, transferring funds to two new wallets, one of which shares a Binance deposit address with Jin.
Further evidence points to Jin's involvement, as he reportedly sold 261,024 ETH worth $543 million and 11,318 BTC valued at $761 million on February 15 and 20. These transactions coincide with the dates when the wallets withdrew stablecoins from Binance, strengthening the case for Jin's connection to the swap.
Garrett Jin Allegedly Linked to $50.43M aEthUSDT Swap via On-Chain Analysis
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